Presentation of Financial Assets in Russian Macroeconomic Statistics

Thepurposeofthestudy.Currently,muchattentionispaidtothecollection,presentationandanalysisofdataonthevolume,structureanddynamicsofeconomicassets.Thevalueofeconomicassets, their composition, and effective asset management determine the trajectory of the development of the national economy and itsindividual sectors. Financial assets are an integral part of economicassets,theirimportancein the activities of economic entities issteadily increasing. The purpose of the workistosystematizetheoreticaland practical developments onthe  presentation  ofdataonfinancialassetsin modern macroeconomic statistics ofRussia,todeterminethedirectionsforimprovingthemethodsof  evaluating financial assets, the system of indicators characterizingtheirconditionandmovement.Materials and methods. The authors considered the classificationof financial assets, applied structural and dynamic data analysis, aswell as methods of theoretical research in the form of generalization,comparison and special analytical procedures.Results. The paper defines the main directions of studying financialassets based on existing international standards, taking into accountnational statistical practice. The current issues of the theory andpractice of statistical observation and presentation of data onfinancial assets, the adaptation of concepts and classifications of international standards to the Russian system of statistical accountingare considered. The features of the presentation of data on financialassets at the macro level are formulated, which are reflected in the national accounts, the system of indicators of monetary statistics andstatistics of foreign economic relations, statistical indicators of the Bank of Russia. The authors conducted a quantitative assessment ofthe structure and dynamics of indicators characterizing the state andmovement of financial assets.Conclusion.Statisticalanalysisofeconomictransactionswithfinancialassetsatthelevelofinstitutionalunitsandsectorsoftheeconomyallowsustoidentifynotonlythemaintrendsinthedevelopmentofthefinancialsectoroftheeconomy,butalsomakesitpossibletocomprehensivelyconsiderchangesinthevalueandcompositionoffinancialassetsatthemacrolevel.Thechangeinthevalueoffinancialassetsisdeterminedona balance basis, that is, as the difference between the value ofacquiredanddisposedfinancialassets. Theauthorsexaminedindetailthemethodologicalbasisforformingafinancialaccountinthecontextoffinancialinstrumentsandsectorsofthe national economy. The financial account provides comprehensiveinformation in the sectoral context on transactions with financialassets and liabilities for the reporting period, allows you to reflect the change in their value as a result of economic operations performed by institutional units, as well as to identify sectors of the economy thatdid not perform transactions with financial assets. The analysis ofthe financial account data makes it possible to analyze in detail the change in the value of financial assets at the macro level, to assess the share of the impact of each sector of the economy and the type of asset. A similar approach is applied in analytical procedures with respect to the net obligations assumed. Macroeconomic statistics reflect the movement of financial assetsand liabilities by sectors of the national economy and characterizeRussia’s relations with the “rest of the world” by determining the volume of net lending by Russia to other countries or determining its status as a net borrower. The issues of the theory and practice of presenting data on financialassets and their use are relevant and promising areas for improvingnational statistical accounting. Work in  this direction continues, although the process of active implementation of internationalstandards in statistical practice has been going on for quite a longtime. The quality of primary accounting data on financial sector operations has improved significantly recently, but there are still problems with obtaining data in terms of the full coverage of the statistical aggregate under study, as well as the timing of obtaining reporting data. In addition, the appearance of a large number of new financial instruments and transactions, including modified ones, in the business turnover of institutional units makes it difficult to identify and classify them. The authors of the article have repeatedly addressed the issues ofmacroeconomic calculations in their publications, which allowedthem to consider in more detail topical issues related to the processesof reflecting financial assets.